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Layer 2 Protocols to Gain From Cancun Ethereum EIP-4844 Upgrade

Published 17/07/2023, 14:23
Layer 2 Protocols to Gain From Cancun Ethereum EIP-4844 Upgrade
ETH/USD
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  • IMX, OP, ZkSync, MATIC, METIS, STRK, and ARB are to benefit from the Cancun upgrade.

  • Deutscher ranked projects on long-term perspective and their investment potential.

  • The analyst categorized the project into groups A, B, C, and D, based on individual performance.

Analyst Miles Deutscher predicted that the best Layer 2 protocols will gain from the Cancun Ethereum EIP-4844 upgrade. Deutscher also ranked projects on long-term perspective and their investment potential. The analyst categorized the project into groups A, B, C, and D, based on individual performance.

Immutable X (IMX)

Deutscher believes the underpinning factor of the Immutable X ecosystem is its robust gaming and NFT focus. According to him, the $260 million raised by the project means they are reasonably well-funded. Deutscher thinks the project has suffered from the impact of the niche in which it belongs. That is the NFT gaming industry which is taking time to develop. In his categorization of the projects into groups A, B, C, and D, with a representing the highest rank, Deutscher ranked Immutable X in category C.

Optimism (OP)

Deutscher praised Optimism for the network effect it has a…

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The post Layer 2 Protocols to Gain From Cancun Ethereum EIP-4844 Upgrade appeared first on Coin Edition.

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